Which of the following is not a key control in the acquisition and payment cycle?
A) authorization of purchases
B) authorization of credit
C) timely recording and independent review of transactions
D) authorization of payments

Question

Quizplus · Accepted Answer

Authorization of credit is not a key control in the acquisition and payment cycle, as it pertains more to the sales and collection cycle. The other options listed are all key controls within the acquisition and payment cycle.

Which of the Following Is Not a Key Control in the Acquisition